what is Bills payable



what is Bills payable..

Answer / t. prathap

Bills payable is libility of a company
Bills payable is nothing but the payable to the suppliers.
Bills payable is the just like creditor
Bills payable means when the firm made credit purchase at the
time creditor write bill on the firm that amount.

Is This Answer Correct ?    11 Yes 2 No

Post New Answer

More Accounting General Interview Questions

golden rules of accounting

2 Answers  


which type of questions did HR Manager ask and what are the answers

0 Answers   Bank Of America,


What is the BPO/KPO/ITES Organisations?

1 Answers   Banking,


what comes under real account?

3 Answers   CS Engineering, SK Accountant,


What is earning per sahre? how does it impact the share holder?

3 Answers   HP,






how to value stock?

1 Answers  


Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

0 Answers  


Tell me the stages of double entry system?

0 Answers  


explain me what steps would you take to increase revenue for this company?

0 Answers  


what is come first debit or credit? means in the bussiness debit comes first or credit

4 Answers   Ernst Young,


how will decide that vender payment is ok without reco

0 Answers   VSI,


what is Vat c-4 form why using

9 Answers   ABC,


Categories